RBC Capital Raises Kinder Morgan Price Target to $45.00 (KMI)
Stock analysts at RBC Capital boosted their target price on shares of Kinder Morgan (NYSE:KMI) from $40.00 to $45.00 in a report issued on Tuesday. RBC Capital’s target price indicates a potential upside of 9.38% from the stock’s previous close.
A number of other firms have also recently commented on KMI. Analysts at Morgan Stanley raised their price target on shares of Kinder Morgan from $37.00 to $43.00 in a research note on Thursday, August 14th. Separately, analysts at Credit Suisse raised their price target on shares of Kinder Morgan from $41.00 to $49.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Kinder Morgan to $50.00 in a research note on Monday, August 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.20.
Shares of Kinder Morgan (NYSE:KMI) opened at 41.14 on Tuesday. Kinder Morgan has a one year low of $30.81 and a one year high of $42.49. The stock has a 50-day moving average of $37.02 and a 200-day moving average of $34.18. The company has a market cap of $42.301 billion and a price-to-earnings ratio of 36.12. Kinder Morgan also saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 14,804,336 shares, a decrease of 16.0% from the July 15th total of 17,634,105 shares. Based on an average daily trading volume, of 5,782,620 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.3% of the company’s shares are sold short.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts predict that Kinder Morgan will post $1.23 earnings per share for the current fiscal year.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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